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Payment processor's shares dropped to new low on Thursday
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China-based Daqo New Energy Corp, which makes silicon wafers for solar cells, has bagged $110m after pricing its follow-on of American Depository Shares (ADS) at the bottom of guidance.
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Tucker Highfield, Credit Suisse’s head of equity syndicate for Asia ex-Japan, has left the firm to join Bank of America Merrill Lynch, according to sources.
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San Miguel Pure Foods (SMPF), the Philippine food and beverage conglomerate, has suggested it could more than double a planned follow-on to $3.6bn, making it the country’s largest equity deal.
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Chinese photovoltaics company Daqo New Energy Corp is looking to raise up to $112m from a follow-on offering of American Depository Shares (ADS).
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Provident Financial, the embattled UK lender, has raised £344m though a rights issue, to pay regulatory fines and restore its balance sheet to health.
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Mapletree Greater China Commercial Trust (MGCCT) has hired banks to manage a S$323.1m ($246m) equity raise that will be used to buy some Japanese assets.